Angel Taxation
Seems like the Government is singing the same song they sang last year when startups raised hell about angel tax.
Some inter ministerial board or some expert IIT IIM committee (who has never run a startup) will approve a startup as innovative and fit for tax exemption.
I think the startups are better off moving out of India rather than deal with such an uncertain business climate. This Govt was going to be about helping business startup thrive. Seems like either its not the focus any more or the bureaucrats have taken over and are complicating things.
Whatever it is, not a good time to be startup entrepreneur or investor in India. Sorry folks. more
Some inter ministerial board or some expert IIT IIM committee (who has never run a startup) will approve a startup as innovative and fit for tax exemption.
I think the startups are better off moving out of India rather than deal with such an uncertain business climate. This Govt was going to be about helping business startup thrive. Seems like either its not the focus any more or the bureaucrats have taken over and are complicating things.
Whatever it is, not a good time to be startup entrepreneur or investor in India. Sorry folks. more
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Please read the section carefully and then comment. Do not rely on filth grade paid Indian Media. more
Dec 23
A Startup has to be certified by some Governmental Agency to get the Tax Breaks & Incentives !!!! In India, 99% of newly Companies are started by existing Businessmen who want to enjoy these Tax Breaks & Incentives !!!! Anyways, if one is a genuine innovative Startup, it has to show all Records & Finances to any Angel Fund they want Funding from .. so why worry about sharing the same with an Inter-Ministerial Board with some experts from IITs & IIMs ???? Let's forget Rajan & his ilk who have an axe to grind with the present Dispensation and in all likelihood become a Politician very soon .... more
Dec 21
A startup should ideally be given a tax holiday for a certain period of time with minimum tax after that till they achieve a certain size. We already loose our best talent especially to the West. If the government does not take drastic and quick action to correct this situation, we will continue to remain a third world country ... more
Dec 21
Situation is very similar to the one like In college time administration thought of holding practical demonstration for students of political science. Out of one class some were to speak pro, against, judge and staff. So who so ever acted in the whole drama they started behaving somewhat similar thereafter though all of them had same back ground. more
Dec 21
I agree, it's hard to do business in India. In an interview of our ex-RBI chair, Dr. Rajan, he said, in the end, investors look at ROI, and India is giving good ROI. We cannot remove "cheap labour", out of the ROI equation. I have to wonder, we must be cheap, cause we are "inefficient", lower "productivity"? A poorly managed, inefficient, government, affects us all and makes us all cheap. Cheap enough to provide great lives for people around the world, and ourselves live in squalor! more
Dec 21
